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cliff negotiations house democrats led by nancy pelosi signed off on the cuts to social social security leaving progressives around the nation while a bended luckily the speaker of the house john boehner in the reactionary tea partiers in the house came to the rescue rejecting the deal since it didn't go far enough in shredding critical social insurance programs so thank you tea party but where exactly do fiscal cliff negotiations go now especially after the after the nation learned last week that any sort of tax increase at all even on millionaires can't get enough republican support in the house of representatives to pass. the tea party might have helped progressives dodge a bullet when it comes to president obama's social security cuts but it's getting clearer and clearer that they are not interested in governing and could care less about what sort of economic damage the nation may suffer from if we do go over the fiscal cliff or if a few weeks from now they hold the debt limit hostage again given that we've seen president obama and congressional democrats sacrifice their most cheris
cliff negotiations house democrats led by nancy pelosi signed off on the cuts to social social security leaving progressives around the nation while a bended luckily the speaker of the house john boehner in the reactionary tea partiers in the house came to the rescue rejecting the deal since it didn't go far enough in shredding critical social insurance programs so thank you tea party but where exactly do fiscal cliff negotiations go now especially after the after the nation learned last week...
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cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together and make a difference in every season of the year." the president and speaker john boehner have not spoken in n
cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight...
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to happen over the course of several days and can they avert the fiscal cliff? to stick with your metaphor of basketball, if rose were to go the length of the court for fans on one side, left to right, fans on other side, right to left, if he scores it is the same basket but use the metaphor and apply it to the conversation of exactly where these tax cuts could take place if they happened after january 1st. the republicans want to vote to lower taxes. okay? see them go right to left as it were. the democrats want to see them go down and the republicans it appears increasingly clear are not going to vote to change the figure below the $1 million mark that boehner didn't get past the caucus unless they say to their people at home, they voted to lower taxes on all americans. >> peter, that was extraordinary. >> reporter: i tried. >> one of the best on this show. thank you! >> we have also got mike viqueira. mike? a lot of people and myself included believe that the payroll tax cut is the most damaging part of this for the middle class. if we do not extend it $125 b
to happen over the course of several days and can they avert the fiscal cliff? to stick with your metaphor of basketball, if rose were to go the length of the court for fans on one side, left to right, fans on other side, right to left, if he scores it is the same basket but use the metaphor and apply it to the conversation of exactly where these tax cuts could take place if they happened after january 1st. the republicans want to vote to lower taxes. okay? see them go right to left as it were....
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ben bernanke gave this situation the name fiscal cliff which sounds very dramatic and very scary. but what it is is an act of congress that they actually voted for. 174 republicans voted for this law that would then take effect on january 1st with all these spending cuts in it, and democrats -- 95 democrats in the house voted for it, 74 votes for it in the united states senate, and now congress is afraid of actually going through something that it voted for to occur on january 1st because it all feels too dramatic to them. and so there's something very peculiar. the crisis that congress is facing is can they undo something that they voted for, and can they undo it by new year's eve? >> it's irony and paradox upon irony. remember the reason the fiscal cliff is supposed to be so dangerous and the reason why so many people in washington are worried about the fiscal cliff is it's too much deficit reduction too fast. so all of this takes place against a debate about how to reduce the budget deficit. that's why you get into this theater of the absurd. >> well, and look at the tape you s
ben bernanke gave this situation the name fiscal cliff which sounds very dramatic and very scary. but what it is is an act of congress that they actually voted for. 174 republicans voted for this law that would then take effect on january 1st with all these spending cuts in it, and democrats -- 95 democrats in the house voted for it, 74 votes for it in the united states senate, and now congress is afraid of actually going through something that it voted for to occur on january 1st because it...
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fiscal cliff. we're going to be talking about the starbucks effort a little later in the show. good morning, ladies and gentlemen. >> good morning. >> good morning. it's thursday, december 27th. i'm mike barnicle in for joe, mika and willie. joining the table, we have political editor and white house correspondent for the huffington post, sam stein. >> hi. >> applause for sam. "fortune's" assistant managing editor, leigh gallagher. and the president of the council on foreign relations, author of "foreign policy begins at home: the case for putting america's house in order." and in washington, vice president and executive editor of msnbc.com and msnbc political analyst, richard wolffe. a minor round of applause for richard wolffe. >> one hand clapping. >> first of all, can anybody here come up with a synonym -- i don't care what it is -- so we don't have to employ the phrase "fiscal cliff" at all during the day? any ideas? anybody got any -- >> how about deadline? >> how about do your job. how about
fiscal cliff. we're going to be talking about the starbucks effort a little later in the show. good morning, ladies and gentlemen. >> good morning. >> good morning. it's thursday, december 27th. i'm mike barnicle in for joe, mika and willie. joining the table, we have political editor and white house correspondent for the huffington post, sam stein. >> hi. >> applause for sam. "fortune's" assistant managing editor, leigh gallagher. and the president of the...
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that's two days before the fiscal cliff deadline and every americans' taxes go up. house leaders did reiterate, if the senate passes something, the house will take it up, which is different from what we've seen before, but it is important to everyone size that it is still a big, big "if," if the senate can pass anything at all before december 31st. >> i'm still trying to wrap my mind around the fact that the minority leader, that is senator reid, and senator mcconnell -- sorry, i had a brain freeze again, that senator reid and senator mcconnell met and didn't talk about the fiscal cliff. that's crazy to me. did you say, what did you talk about? >> reporter: well, ted barrett was down there. i was not there. they said they talked about other senate business. as i said to you earlier, it sort of defies logic, but reid is also insisting that he went over there to talk about other things. you know, it's head skraecratch. >> yes, it is. i imagine we'll see you tomorrow. thanks so much, dana. >> thanks, candy. >>> another possible blow to the american economy could be in
that's two days before the fiscal cliff deadline and every americans' taxes go up. house leaders did reiterate, if the senate passes something, the house will take it up, which is different from what we've seen before, but it is important to everyone size that it is still a big, big "if," if the senate can pass anything at all before december 31st. >> i'm still trying to wrap my mind around the fact that the minority leader, that is senator reid, and senator mcconnell -- sorry,...